So think about this. This year where the economy has actually been fairly decent. We're doing okay in our tax receipts. We're right on target. But our spending, We're going to borrow about 7.2, 7.3% of the entire economy this year. And that gap is the debt and deficits. And when our brothers and sisters on the left keep saying things like raise taxes, we've done that. (06:56–07:03)
CLAIM
Asserts that the U.S. will borrow approximately 7.2% to 7.3% of GDP this year.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
